A readily measurable aspect of globalization is the increasing exchange of capital, products and services across national boundaries, spurred by expanded use of container shipping and other technological improvements as well as falling barrier. The interdependence is most apparent with global supply chains, as manufactured goods like vehicles and electronics are assembled with components produced around the world, and it’s increasingly rare for any country to be the sole source of any one complex product. Countries aim to increase exports but worry about too many imports and trade imbalances, even as their consumers pursue low prices. Disagreements on subsidies, tariffs, quotas or unfair practices are debated by the World Trade Organization.

Collateral Damage

American corporations might win contracts in Iraq but lose elsewhere
Jeffrey E. Garten
April 11, 2003

“Made in China” Label Spurs Global Concern

A leading global exporter will reassure consumers abroad only when it has done so at home
Paul Mooney
August 23, 2007

Putting the Brakes on US Fast Track

Piling on environmental and labor conditions could complicate trade agreements
David Dapice
June 26, 2007

Capitalism with Special Chinese Characteristics

The runaway train of China’s economy is a special case of what economists label “Dutch Disease”
Gustav Ranis
June 19, 2007

Spices: How the Search for Flavors Influenced Our World

Myth, medicine and medieval tastes created a market for the world's first globally traded product
Paul Freedman
March 11, 2003